tv Lou Dobbs Tonight FOX Business February 25, 2014 11:00pm-12:01am EST
lou:. >> to a fourth thouuht to those who weigh in have a clue? welcome to everybody i am neil cavuto should they just arrest them selves? marketing everything we eat because we don't know what we each. what is 80 me they are not changing labels but no very big to provide the labels that they screwed up. now doctors say not so fast.
that cup of coffee is loaded with anti-oxints that are good for you just like whole milk kids would get fa b it turns out low-fat is inlging in the junk food. go figure. now to jus a little salt could you in. and chocolate apparently is loaded with engh in dioxins. anti-oxidants. we are urging ction when the government comes cracking down they are at it again the white house set for a major food standard overhaul to force mafacturers to label everything from cereal to microwave popcorn and everything else.
leave aside that experts find it is no longer giant food but not a wholerain. this will keep them busy. to you think the fda could save the btched it label? maybe all cigarettes are not the problem. maybe not doing it endange america with those rigorous standards stopping things that work canosting those who want to work and who want to eat and eat and who want to live a better life without being dictated to wiih every facet of their lives. with the changes being plant
you have to complete the reconfigure 1600 vending machines since many have posed i said i wld personally stand guard as he reconfigures but it is good to have you. it will cost to a lot of money had to factor this out to? image as the vending machines will be over $1 million does it include the waiters who have the orders to tell how many calories? it is out of control. neil: what about the vending machine? >> to explain how much nutrients with every item that youell. if it is said bag of chips
is says how many calories or salt or sugar. and en to throw off will hold information board i don't know what to do. neilif they get peat butter cups th know that it is not a low-calorie acks item. but the government says people are confused but if you don't grasp that you are an india. i will not spend billions of dollars to educacate you to make you not eat it
but to clarify aou are about to take out of that cpac machine is not a salad spinner exactly. it is a snap machine. they wanted a chocolate bar or a bag of chips. that is what they will have. we will not change their eating habits by giving more information in. neil: so if people saw the calorie count thenhey might think twice. >> they take on the little guy. why not the big guy? let them do this but the calorie count on labeling instead of the machine?
neil: they can absorb it but it's y could get the alfalfa samba from the machine? but you can. thank you very much. neil: by the way they do not have alfalfa us nec machines. i know the heart isn the right place but it is the government of overdoing it? >> i know we all want to lose weight from time to time. to right have healthy cookbook for my doctor? i dot turn to the deral government to look at the pyramid for advice. the marketplace that voluntarily provide information for years and
good information does not necessarily equate into good choices. neil: we are better informed to eaters but we are better informed. >> i am not sure we are better informed and given the record with respect to theolloutthis has the potential for disaster for average americans. the nanny state scscnce it is not exact. said years ago it was bad now it is good. i am not sure people in need of stable but take some personal responsibility. neil: what is the vice food today? growing up at was trans fats but because of the change.
i could never keep tck to remember my italian grandmother who was the big believer everything was fair game. and she had the eighth grade education but understood life >> everything in moderation. don't set out of the deserts of. neil: don't go crazy. >> the usda and regulatio are up for review in 2015 so they are sitting down and it is not just nutritional value but are we providing green fruit, sustainable food it is all sorts of areas from snapple or food stamps to use school lunches , military, a prison, a blighted ranging implication. neil: petri botched on a san
butter and coffee but we have to revise the labels but they just findnew labels. >> well looks good jay may not look good tomorrow. viewdata label to tell you the movie theater size then guess what? gets some personal responsibility. [laughter] thank you. "fast & furious" about this very subject keep it coming because i promi we will hear from you. your chance to sund off of e regulations. six years after mohammad of the it turns the boxing business onts he. larry holmes who came after
57 back to the food labeling overall was just stay this is stupid ben will so companies will jus pass the cost onto consumers effendi wineries these nothing like additional cost on biness to make the nay state fe better. keep those coming. we are listening. because whenever highlight that nobody else is talking e administration is talking. attorney general walter of the economic scene today identity theft and hacking ar a problem why now? is a problem? it is so out ofcontrol the justice department is finally giving it look for
a protest says it is about time with the minimum wage that businesses don't like have we missed the threat? neil: there were a little preoccupied this was just a -- definitely under the purview but they just woke up to it? >> the administration has not been overly concerned about citizens' privacy as he has en in the white house because of his policies. with the nsa if they were really concerned and remember, of the government works with these big companies which would be hypocritical to punish target that has of privacy breach but they work with them to get information that they say are to prevent terrorism. neil: but the justice
department says we are looking into it. i know the irs is looking into targeting conservative groups. with the state department looking at benghazi. that sounds a lot like my dad i both think abt it. you never got any answer. do they deliberately plotted out there that they are on top of it? >> i agree i don't know if they will do anything. looked across the state level they're prosecuting they don't want thefed to get involved that makes a harder to prosecute identity thieves at the local level. as you have seen om the state level prosecution is better to get results.
they probably need a pet project taking focus of other things but maybe they have not been paying attention because they promote policies that encourage it in the theft whether signing up for obamacare or fighting voter identification. neil: but there seems to be something going onhere. nothing happens a. a good chuckle. that's it. presidenobama just channeled cliff from cheers. ♪ ♪
neil: bett late than never a the president acowledges what class has spent scaming about for years. manufacturing matters it is not a bad thing or look down on the people who do. the star who has been saying as long as i can remember trade skillsempo not that college is right for some but not for all. there is another alternative d has been talkingbout it more than anyone i know. >> how areyou? neil: your impression of me is not too bad. if i go to disney world your voice is everywhere. >> especially if you have children under 12th.
neil: even people my age it makes the children were a. but you must be of little happy about. better late than never but the president says we have to focus on the proper training and proper skills that are chased a broad? >> but also the infrastructure. a survey came out we are 25th in the world behind barbados. not just in manufacturing but children especially are not allowed to work with their hands any more. you have to who can take with the -- take care of the electrical system, water system manufacturing is another issue. but every industry started with one person inventing
one thing and they usually started off as a child tinkering. that is what i am trying to do do. to reinstate a shot glasses and home eric class's you learn how to measure, cut measure, cut, and goals, hygiene, but the time you t into math you already have it. when manufacturing disappears if the don't do something about it then be are a slave nation. neil: we tell our kids we want the best one is a machinist one fixes cars but they are doing very well and very much in demand. to get to the plumber is
something we don't appreciate. but in immerse society we frown at the skill set that made us a great nation. >> i spoke at a trade school in pennsylvania and one of the graduates is making over $200,000 per year as a builder. a company in new york, the cl1 his way to argentina to a higher vaulters. -- to higher welders. as the manufacturing initiative is set up someone at the head to organize it tout it together give them the tools and some mterials
that save make something. if the can then they are not qualified to set up e manufacturing system the white hoe wants to set up. neil: but that is the problem. neil: you have then a voice in a relentless on this and i think it is finally pping it your way. congratulations. >> it is like warning people of an asteroid 20 years ago the flaming ball will hit the earth and just now people say it is getting a little hot. [laughter] neil: john, a pleasure. thank you very much.
>> if i have a problem getting a job then what will those hundreds of thousands the play in prison every year what will they do? they will go back to streets. back tsociety. is that what we would want? somebody has to fix the system fast. neil: he hit a chord. right back into his accusers face. [ male announcer ] these days, a small business can save by sharing. ke carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. oh, it's great. yeah. [ male announcer ] the best ing to share? a data plan. ♪ new at&t mobile shre value plans for business. our best value plans ever. for example, you c get 10 gigs of data to share. and 5 lines would be $175 a month.
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to lower cholterol, adding crestor can help. go, crestor! ♪ ♪ oh, yeah [ female announcer ] crestor is not right for everyone, like peoplwith liver disease or women who are nursing, pregnant, or may become pregnant. tell your doctor about other medicines you'rtang. call your doctor rht away if you have muscle pain or weakness, fl unusually tired, have loss of petite, upper belly pain, dark urine, or yellowing of skin eyes. these could be sig of rare but seris side effects. crestor! yes! [ female announcer ] ask your doctor about crestor. if you can't afford your medication, astrazeneca y be abltoelp. neil: talk about doing time, newly released econ bernie kerik wondering if it is really worth the time. >> this is one of the biggest imbalances of justice.
the guy paid $167 million in finds and restitution, is that not punishment? you convicted him in court, is that not puppishment? but den take some guy in for attempted murder, do 10 years, he was out in 4, he went out and killed a nassau county cop and a civilian i his route to eapes. ne: tonight sandra on bere talking about dennis, talking about those who spe a lot of time stewing in jail, whether they cou do something more productive. either in jail or something lik ja. sandra, what you know, it is uneven in some very much so, he is saying no one has experienced like i to.
and has been in jail and experienced this from perspective. he says, i love the way he said, if i can't get a job, after being convicted and doing my time, what about all these other folks to 18 and 19-year-old kids in for drug charges they go in for 15 years they come out in 30s. they can't -- so to use his words, punishmentsen to fit the crime, this is too long, collateral damage he talked about stayed with me, how can we put these people to our world and expect them to b you know useful atditions toure country and our economy, if we're punishing them, and the punishments don't fit the crime. that interview stuck with him, of all people that could do something in this, is he in a position. neil: maybe too.
their whole idea,n his case he is banned from a government job for life, and casow ski case, they are beened fm security for le, this is what they knew, they served time and for the rest of their lives they are serving time. >> is there any publish am -- punishment they could do thetime and the crime goes away? they are not murderers, they didn't kill or rape anybody, he is bringing up a valid thing in ours so too. neil: a very up hill battle to wage, they automatically hate you from the get go. j.p. morgan announcing thousands of layoffs could the billions in government finds have anything to do with it they are mostly in the mortgage business that is not a bigurprise. >> we're in the busines of reports on companies, they have
an obligation to improve shareholder value, they incurred $23 billion in legal costs in 2013, they are cutting costs, this is not personal, they have to cut costs to irove sheholder value. they are actually addy 3,000 bs in compliance and risk management. neil: that would have come in handy. handy. >> ironic. neil: a lot -- we have e-mails from the people who are go to be laid off, the say, yeah, and jamey diamond got a there are -- jame dimon got a $20 million pay package. >> he has run the company for years, these guys are paid to be the heads of their companies, it is a very exof eironment, when
it comes it guys who are accept alely run large corporation, jamey does that, to say, they are laing off guys and his bonuses are going up, not a fair argument. neil: if is based on performance. final subject, don't say we didn't warn you, government is now saying that two out of three businesses will see healthcare premium hikes under the new health care law, sandra? that does not shock me. >> speaker boeer, to qte him said had is another punch in the gut for americans already struggling in president obama's economy. this is mostly going to be younger people whose premiums are going up, of the ft with new law, premiums can no longer be paced on your age, younger folks are ping more older folks likely less, but at end of the day people are going to be ying more period. not what we want to hear.
neil: why is this a fox alert? think about it, everyone is for keeping kids on your policy longer, that is nirvana. >> that is not what the president told us would happen. neil: you can expect to g that not pay for it,,that i reality. >> affordable care act. neil: is not affordable. >> we're learning, back to nancy pehl owes -- nancy posi' thing w we didn't know what was in it when it pasassed. neil: i think we did. >> 50 years ago today, boxing changed forever just weeks after the beatl came to america a guy who floated lik a butterfly, s st and stung like
butterfly, s st and stung like there's this kid. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather i'm very pround of him. her. th.
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first round's one. >> he will end up in the ring side seat. neil: a 7 to 1 underdog he talked like he was the top dog cashous clay then, stepping into ring with boxing champ sonny liston, some sports reporters feared for the 22-year-old challenger life that he taunted liston so much that lisn would let loose. did not happen, clay won that title, 50 years ago this evening announced he would change his name too mohamad ali turiano h awell,i, he was a muslim, some say that was ale w prompted
professal wrestling to itself get to more theatric call. tonight, we look back on the sport and coury one very loud boxer changed. 50 years ago tonight. with me now the former heavyweight boxing champion of the world. larry holmes. and jim gray from my money, the be guy who ever covered poxing, ever, two champs with us, larry, you to first, i alys said you were rodney dangerfiel of boxing you came after moment muhammad al ale a, i, did you not dodge anything, looking back at ali , and at clay, and what he did then. and how he changed boxing then, what do you think? >> i thi a great
job, he was the martin luther king of boxing, he gav boxing opportunity, and pride, he went on fought the ones they put in front of him, as far as sonny liston, i was an ali fan. i think what he did was fantastic, bause i w was young, and i was rooting for muhammad ali, he could do no wrong in my book. neil: you used to be a training partner. >> i sparred with ali for four and a half years, he beat h up a couple times, i got even with him at the end. without anger. neil: but jim, i was not blowing you smoke to talk about yr contribution, someone who wawatched and analyzed this i thought, you asked the nastost questions of fighter -- nastiest questions of fighters, i always thought someone was going to hits you right now, i machinetioned ali, and how he
made it certainly changed boxing as we knew it and has since come to know it, we're almost disa.ed after the fact. >> he was so great, and he was so much fun, neil, he made it fun for everyone. larry talked about what he did for theusiness, but he was a goo that changed paradigm for all of sports, he was brash when people were not brash. he was outgoing, hh started all of this track talking, people at the time -- trash talking people at the time some were offended by it later they have come to love him, the greatest institution in history o boxing perhaps sport he lit the torch in 1996, he school for social justice and change -- see stood forocial justice and change, ere will never b another one. neil: the big thing that when jim was talking about there he lost his title because he said he was not going to fight in
vietnam, i think he said, high would beat him up abt the not kill him, what do you think, rry as a young boxer in those days, and that struggle, when whether he was sending mixed messag to the world? >> well, he was sending mixed messages, but i think he did the right thing for ha he believed in. he did not believe in the war, i think he should stand by, that i don't believe in, that i don't think we should go over there and fight people we don't know, killeople we don't know. i mean, i think ali did the right thing, as far as booking he was the -- boxing he was the n of boxing, i would ride down the street with ali he would realm sis all he would say to his opponent, he would talk to his self, i thought he was azy, he would say, i'm bad, i'm bad, i'm pretty, i'm this and you are ugly, he would say that stuff with nobody else in
the car, i thought he was crazy i thought maybe too many fights, maybe i should not fight becau i might be talking toyself like that one day. i didn' want that to happen. neil: jim aual us wonder, with the way he was, you knowe would actually pk a round, and an open op woul opponent open would fall, reporters fall following him, did they fin him a around val act or what? he was changing boxing, he put pressure on other fighters, joe frazier is famous for saying, old uncle tom remark that ali used against him that never left him. >> well, it was very tough for joe frazier, and but, ali can vated and enamored all of these guys he brought theublic with him, high put the rea ends in the seat, he made the cleaa of
one howard cosal . >> i am asking you this. i was in awe watching you as a young guy, and i always wanted to knowf you recented coming after someone like, that you fought that epic battle withenen norton, they said you have to fight the next mandatory challenger you did, you did not avoid anybody, there were no tin can fights for you, you fought them. always felt you were never given your proper receive, maybe because -- proper respect, maybe because you came after. >> neil i want to thank you for ying, that i be tame lik the forgotten fighter, i got was not supposed to make it but i had fun out there, i had fun being with ali, a sparring partner, i
had opportunity fun listening to the way heaid thing, ali of good at he would brings reporters with him, there was guys he would pick on like howard cosell. he made the reporters known that you donenow, whoever thought about a dirk young or someone like, that they thought abo him. they called him names. ali brought all these guys along. >> same thing with the fighter. neil: thank you, thank you both. yeah. >> thank you in all right,. neil: i can interrupt you now, -ou are on remote. >> thank you, neil. >> jim, and larry, and 50 years o, this evening, everything about boxing changed. >> thank you, neil. >> then came thatarn pay-per-view, destroyed it? 7 tax bracket? how would you like 2?
neil: do not expt the president to sign if bu i has not stopped a growing numberf republicans from pushing it two tax rates, not 7, but two. 10% and 25%. odds of that ever happening,'m putting them at '0%, but grover fore queser more quest said this is about republicans making a staple, grover, what do you make of this, others have been talking in press, and opinion pieces,ike now is the time. i hear that.
when the great ideas are mentioned, then nothing happens. >> we shoul have done this a long time ago, now is not the time because it was the wrong thing to do last week or last yeaa. we ave allowed our marginal tax rates on independent side to creep up -- individual side to creep up ove 40%, corporate side 35% at feder level, 4.8%, at state level. 5%. so our cor corporate rate is 40% gen state corporate income taxes. neil: i think you are being conservative on that. i think wt people realize with surtaxingnd health care relatedaxes, i am leaving state taxes out of it, you know we're in mid 40s here. but you are right, the fact is that it has been creeping up and up, and when you ask thos on left, or maybe aut the rich paying their fr share, i say, what is it? if it's not 45 or 50% what is
it? what are ty of? >> more. re,ore. neil: very good. more. >> obama and harry reid, leader of democrats in senate from nevada, said they are not interested in looking at tax reform unless is includes $1 trillion in higher taxes. to 1.4 trillion, what the republican ways and means chairmen camp tutt pu putting it a revenue neutral tax reform, when says let's get to the lower rate, become internationally competitive, again. that we're not now, either on the individual sydor on the business side. let's get less stupid than europe, not more soup edtha study ed, we -- stupid, we can do that without raising total
tax burden, obama has been talking, talking, talking for 5 years, he really meant he want a tax increase in middle of tax reform, this slopes out democrat position they want a tax increase, and they want to call it fax reform. neil: they don't want revenue neutral in. >> they want a trillion over a dede. neil: grover thank you very much. >> good to be with us. neil: i'm not saying that macs is hurting, i'm saying don't be surprised if the parade goers are going to tha shindig they are passing around tin cups. in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities
getting a good deal, but i don't know, i'm saying i don't kno >> i spoke to ford, i spoke to blackberry, neither would comment but this is great for blackberry if it is true. not just this butlack berry is returning to their roots with a new phoneoming out with tra wheel and keyboard, bbm is popular, black berry is back. it you know making a come back, they are -- this stock up this week. neil: i think she is on something. i don't know. >> you don't like blackberry? >> i think this is a marriage made in headline. >> ford is hooking up with qnx, the vision of blackberry, they ve been in the car
connectionivity stases for 1 ivit space for 10 years, that is good they were having malfunction problem with microsoft, blackberry acquired x, qnx a n years back. >> ford has 8 million cars on the road using the sink technology. there has been a lot of complains because of the number on the road. they have to fix and improve the sink technology which they had since 200 2008. neil: you might want to put a freeze on investing in retail, macy's saying that the snowy weather hitting sales har i never noticed the retail gus. with a good quarter say that the sun thank god. >> the weather was terrific, up
know very soon they will not be able to blame it on winter, macy's had a decent november and december, it was january where sales fell off the map, so, you know we'll be through winter soon, we're either facing.neil:e soon. >> either larger ik kim crisis, at consumer seems to be indicating. with weak jobs numbers maybe there is a bigger reason that people are pulling back, or weather. we'll find out in 6 weees. neil: i wonder in macy's case, maybe traditional retails get hit, me this you have to get our on-line act together? >> i do are, macy's cting 2500 jobss but they are adding workers online division, they are making moves there but, it is yoor tradionaletailer, at one poin in february cold they had 30% of their store closed, they will take a hit, but bigger
question, in 6 wookie time, will this -- in week's time will this economy --? >> well, all right. we focus on what you are focussingn tomorrow. lauren? >> december number is down big time, november number was down, can you blame it on weather? and it was not snowing in california. neil: sales areot up to snuff. >> i'm with lauren, new home sales, they are mul flyer effect for the economy, it puts construct people to work when yoo buy a new house, you have to buy refrigeratorrand tune fur it is -- furniture for the house, it is a huge impact for the economy. >> never knack or that in, they have to furnish the house. >> or emploe that construction
worker. neil: thank you both. that is it, we'll have more, those nbers, mannana . kennedy: how far does freedom extent, shouldou hav the right to marry whom ever you choose, regardless of gender, should you have the right to deny serviceo someone you disagree with? th way i see it, if you don't want to serve gays, you think you have liberty 5 make choices. if you are keeping people out of your restaurant based on your righthey must extend to those who want to marry e. it can you have it both ways. welcome to "the